Sep 14–20

PMTS (CPI Card Group) dominated the week with five insiders buying $11.96M following an 8-K catalyst, including a 10% owner, signaling material confidence. RWT (Redwood Trust) saw four insiders buy $928K on an 8-K, also notable for cluster size. The week was moderately active across 32 companies with eight featuring three-or-more insider clusters, though most displayed smaller dollar volumes, suggesting selective conviction plays rather than broad bullish momentum.